Organising — Business Studies STD 12 Commerce — Question

Give some examples of exploitative and unfair trade practices in which sellers engage.

Define globalisation.

Name the marketing function which is concerned with the important decision of managing inventory.

'They don't sell what they can make, but they make what they can sell'. Name the concept to which this statement is related?

Mr. Anil has been appointed by Suntech Ltd. to ensure that the performance of employees is going as per the plans made. In the report which he submitted to the management, he mentioned that carriage charges had risen by 8% however labour absenteeism had increased from the previous year from 5% to 15%. He felt that this increase in absenteeism required immediate action of management on priority basis.

1. Identify the step of one of the management functions referred above.
2. Identify the principle due to which increase in absenteeism required immediate action of management.

Sachin Computers Ltd. is a leading company in Computer Technology and IT services. The Chief Executive Officer of the company attributes the success of the Company to its managerial team spirit, which have helped to handle rapid changes in technologies and to transform threats into opportunities. Like any other business enterprise profits are important for survival and growth of Sachin Computers Ltd. The management of the company believes that a satisfied employee creates a satisfied customer, who in turn creates profits that leads to satisfied shareholders.
Identify and explain the objective of the company discussed in the above para. Also quote the line for the identified objective.

Which technique of Taylor separates 'planning' and 'execution' functions?

State two disadvantages of divisional structure.

It refers to the use of communication with the twin objective of informing potential customers about a product and persuading them to buy it. Name it.

State the dimensions of business environment.